Coverart for item
The Resource Do loan-to-value and debt-to-income limits work? : evidence from Korea, Deniz Igan and Heedon Kang

Do loan-to-value and debt-to-income limits work? : evidence from Korea, Deniz Igan and Heedon Kang

Label
Do loan-to-value and debt-to-income limits work? : evidence from Korea
Title
Do loan-to-value and debt-to-income limits work?
Title remainder
evidence from Korea
Statement of responsibility
Deniz Igan and Heedon Kang
Creator
Contributor
Author
Issuing body
Subject
Genre
Language
eng
Summary
"With another real estate boom-bust bringing woes to the world economy, a quest for a better policy toolkit to deal with these boom-busts has begun. Macroprudential measures could be in such a toolkit. Yet, we know very little about their impact. This paper takes a step to fill this gap by analyzing the Korean experience with these measures. We find that loan-to-value and debt-to-income limits are associated with a decline in house price appreciation and transaction activity. Furthermore, the limits alter expectations, which play a key role in bubble dynamics"--Page [1]
Member of
Cataloging source
DJB
http://bibfra.me/vocab/lite/collectionName
IMF eLibrary
http://library.link/vocab/creatorName
Igan, Deniz
Government publication
international or intergovernmental publication
Illustrations
  • maps
  • charts
Index
no index present
LC call number
  • HD7367.5.A3
  • HG3881.5.I58
LC item number
  • I33 2011 ONLINE
  • W67 No. 11/297 ONLINE
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
http://library.link/vocab/relatedWorkOrContributorName
  • Kang, Heedon
  • International Monetary Fund
  • International Monetary Fund
Series statement
IMF Working Paper
Series volume
WP/11/297
http://library.link/vocab/subjectName
  • Business cycles
  • Housing
  • Mortgages
  • Business cycles
  • Housing
  • Mortgages
  • Korea (South)
Label
Do loan-to-value and debt-to-income limits work? : evidence from Korea, Deniz Igan and Heedon Kang
Instantiates
Publication
Copyright
Note
  • "December 2011."
  • At head of title: Research Department and Monetary and Capital Markets Department
  • Title from PDF title page (IMF Web site, viewed December 27, 2011)
Bibliography note
Includes bibliographical references (page 34)
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
  • Cover; Contents; I. Introduction; II. Background: Korean Housing and Mortgage Markets; A. Basic Facts; B. Recent Market Developments and Policy Responses; III. Empirical Analysis; A. Effects of LTV and DTI Limits on Regional Housing and Mortgage Market Activity; B. Effects of LTV and DTI Limits on Household Choices; IV. Conclusion; Appendix; 1. Regional Characteristics; Appendix Table; 1. Basic Characteristics by Regions in Korea; 2. Housing Tenure Types in 2005; 3. Announcement Dates and Levels of LTV Limits Across Loan Classes and Regions
  • 4. List of Areas Designated Speculative Zone Status through Time5. Regulation Index Construction; Table; 1. After the Storm: Examples of LTV and DTI Limits as Macro-Prudential Tools after the Global Financial Crisis; 2a. Timeline of LTV Regulations; 2b. Timeline of DTI Regulations; 3a. Housing and Mortgage Market Activity Before and After Tightening; 3b. Housing and Mortgage Market Activity Before and After Loosening; 4a. Housing and Mortgage Market Activity Before and After Tightening: Separate Dummies; 4b. Housing and Mortgage Market Activity Before and After Loosening: Separate Dummies
  • 5. Survey Data: Summary Statistics Before and After Matching6. Effect of Policy Tighetning on Household Decisions; 7. Effect of Policy Tighetning on Different Household Groups; Figure; 1. House Price Cycles in Korea: 2001-2010; 2. Policy Interventions: LTV and DTI Adjustments; 3. Housing and Mortgage Market Activity Following Policy Interventons; References
Control code
769645373
Extent
1 online resource (34 pages)
Form of item
online
Isbn
9781463927837
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other physical details
color map, charts
Specific material designation
remote
System control number
  • imfWPIEA2011297
  • (IMF)WPIEA2011297
  • (OCoLC)769645373
Label
Do loan-to-value and debt-to-income limits work? : evidence from Korea, Deniz Igan and Heedon Kang
Publication
Copyright
Note
  • "December 2011."
  • At head of title: Research Department and Monetary and Capital Markets Department
  • Title from PDF title page (IMF Web site, viewed December 27, 2011)
Bibliography note
Includes bibliographical references (page 34)
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
  • Cover; Contents; I. Introduction; II. Background: Korean Housing and Mortgage Markets; A. Basic Facts; B. Recent Market Developments and Policy Responses; III. Empirical Analysis; A. Effects of LTV and DTI Limits on Regional Housing and Mortgage Market Activity; B. Effects of LTV and DTI Limits on Household Choices; IV. Conclusion; Appendix; 1. Regional Characteristics; Appendix Table; 1. Basic Characteristics by Regions in Korea; 2. Housing Tenure Types in 2005; 3. Announcement Dates and Levels of LTV Limits Across Loan Classes and Regions
  • 4. List of Areas Designated Speculative Zone Status through Time5. Regulation Index Construction; Table; 1. After the Storm: Examples of LTV and DTI Limits as Macro-Prudential Tools after the Global Financial Crisis; 2a. Timeline of LTV Regulations; 2b. Timeline of DTI Regulations; 3a. Housing and Mortgage Market Activity Before and After Tightening; 3b. Housing and Mortgage Market Activity Before and After Loosening; 4a. Housing and Mortgage Market Activity Before and After Tightening: Separate Dummies; 4b. Housing and Mortgage Market Activity Before and After Loosening: Separate Dummies
  • 5. Survey Data: Summary Statistics Before and After Matching6. Effect of Policy Tighetning on Household Decisions; 7. Effect of Policy Tighetning on Different Household Groups; Figure; 1. House Price Cycles in Korea: 2001-2010; 2. Policy Interventions: LTV and DTI Adjustments; 3. Housing and Mortgage Market Activity Following Policy Interventons; References
Control code
769645373
Extent
1 online resource (34 pages)
Form of item
online
Isbn
9781463927837
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other physical details
color map, charts
Specific material designation
remote
System control number
  • imfWPIEA2011297
  • (IMF)WPIEA2011297
  • (OCoLC)769645373

Library Locations

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